Now that the last presidential debate is over, there are only 20 days remaining until Election Day. With Hillary Clinton making significant gains in the polls in recent weeks, Credit Suisse analyst Lori Calvasina recently took a look at the impact the election could have on the stock market.
According to Calvasina, Clinton’s recent momentum has reduced the risk of a major Trump-related selloff.
“In many investors’ minds, the perceived risk associated with a Trump victory in the Presidential race have been replaced with concerns about the implications of a Democratic sweep of leadership in Congress (for both the Senate and House to flip),” Calvasina explained.
Credit Suisse believes the rising chance of a Clinton presidency is good news for industrials and stocks with high international exposure. Financials and health care stocks could be negatively impacted.
Historically, when leadership in the White House and both houses of Congress remain the same after an election, the S&P 500 has averaged…
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